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Read a Special 2014 Preview of The King Report

The most important developments in 2013 were Abenomics, QE China’s belated attempt to reign in its credit bubble and the advent of ObamaCare.Most pundits believe that Japan will continue Abenomics; some believe that Japan will increase its QE. However, Abenomics is not only failing; it is worsening the plight of Japanese citizens because it is increasing the costs of the necessities of life about five times more than wages. A big surprise in 2014 could be the abandonment of Abenomics sometime after Q2 as Japan’s inflation increases while its trade deficit continues to worsen.